It's not Elite, closer to Frontier really, but this project is quite interesting:
From their website:
"The game is open-ended, and you are free to explore the millions of star systems in the game. You can land on planets, slingshot past gas giants, and burn yourself to a crisp flying between binary star systems.
When Pioneer is finished there will be many ways to make ends meet: piracy, smuggling, bounty-hunting, mining, doing missions for the various factions fighting for power, freedom or self-determination.
Pioneer has a sneaking resemblance to Frontier: Elite 2."
This looks interesting, but based on what I have read about ARM on these forums and looking at the system requirements of this game, it appears that it cannot run on the Raspi. The build is meant for a 32 bit architecture, not an ARM one. Being that I am new to Linux and ARM itself I could be wrong. So please....prove me wrong